Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cougar Mountain Airstrip Parcel Title is generated by Realmo AI

    19441 Cougar Mountain Airport Road SE, Yelm, WA 98597

    View on Map
    Claim this Listing
    For Sale
    $175,000

    Land with territorial views and private airfield access.

    Type:Land or Vacant Lot
    Lot size:
    5.41 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    283
    Last Refresh:
    May 10 at 11:45 pm

    Property Features for 19441 Cougar Mountain Airport Road SE

    General Information

    Standard status
    Active
    Lot size
    5.41 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    TERRY KAMINSKI
    TERRY KAMINSKI

    Listing agent TERRY KAMINSKI

    Listing office YELM WINDERMERE

    Listing date Aug 28, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of YELM WINDERMERE

    HighLights

    • Private airfield with 3200 ft lighted runway.
    • Sweeping territorial views of the foothills and Mount Rainier.
    • Expired 3 bdrm septic design available.
    • Power at the road.
    • Unique opportunity for aviation enthusiasts.
    • Opportunity to build a custom home in rural Yelm.

    Overview

    This property is a parcel located on the Cougar Mountain airstrip, offering territorial views of the foothills and Mount Rainier. The private airfield includes a 3200 ft lighted runway. The property provides an opportunity for aviation enthusiasts or for building a custom home in rural Yelm. Most owners have a house on the main road, a road that winds down the mountain with hangers built on the border of the landing strip. Properties cross the airfield. The seller has an expired 3 bedroom septic design, and power is available at the road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.526
    Latitude
    46.8441

    Nearby Similar for Sale

    • $160,000

      Established Quiznos Franchise For Sale

      Profitable Quiznos franchise with established clientele and trained staff.
      1202 Yelm Avenue, Yelm, WA 98597
      View Details
    • $10,338,000
      23,486 SF

      Tractor Supply Co. Investment Property

      NN leased Tractor Supply Co. in Yelm, Washington.
      10616 Bald Hill Rd SE, Yelm, WA 98597
      View Details
    • $862,500

      Permit-Ready Retail/Office Pad in Yelm

      Permit-ready retail/office pad in the heart of Yelm, WA.
      14788 Berry Valley Rd SE, Yelm, WA 98597
      View Details
    • $1,825,000
      6,306 SF

      Leased Retail Space For Sale

      Fully leased retail space with strong pride of ownership.
      514 E Yelm Ave, Yelm, WA
      View Details
    • $695,000

      Prime Commercial Land in Yelm

      1.3 acres of commercial land in a growing town.
      606 Yelm Avenue W, Yelm, WA 98597
      View Details
    • $430,000

      Yelm Land with Flexible Zoning

      Land in Yelm with flexible zoning and development potential.
      403 W Yelm Ave, Yelm, WA
      View Details
    • $285,000

      High-Traffic Land in Growing Area

      Versatile land with utilities in a fast-growing area.
      411 Yelm Ave W, Yelm, WA 98597
      View Details
    • $245,000

      4.68 Acres Vacant Land Yelm

      4.68 acres of vacant land in rural Yelm.
      15818 153rd Avenue SE, Yelm, WA 98597
      View Details
    • $4,995,000
      598,500 SF

      Yelm Land Parcel For Sale

      Large land parcel available in Yelm, Washington.
      15010 Berry Valley Rd, Yelm, WA 98597
      View Details
    • $649,900

      68+ Acres in South Yelm

      Private acreage with foothill scenery and potential mountain views.
      15301 Mcintosh Valley Lane SE, Yelm, WA 98597
      View Details
    • $350,000

      Secluded Acreage with Development Potential

      Private, fenced acreage with well, electricity, and infrastructure in place.
      20331 167th Lane SE, Yelm, WA 98597
      View Details
    • $285,000

      Yelm Avenue Development Opportunity

      High-traffic land with utilities, versatile zoning, and great visibility.
      411 Yelm Ave W, Yelm, WA
      View Details

    FAQs

    What type of property is this?
    Land - Land with territorial views and private airfield access.
    Where is this land located?
    The property is located at 19441 Cougar Mountain Airport Road SE Yelm, WA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Private airfield with 3200 ft lighted runway.; Sweeping territorial views of the foothills and Mount Rainier.; Expired 3 bdrm septic design available.
    (360) 458-3855
    We can help!
    Listing Contact
    TERRY KAMINSKI
    TERRY KAMINSKI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19441 Cougar Mountain Airport Road SE, Yelm, WA 98597
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!